Solving the Financial and Sovereign Debt Crisis in Europe:
This paper examines the policies that have been proposed to solve the financial and sovereign debt crisis in Europe, against the backdrop of what the real underlying problems are: extreme differences in competitiveness; the absence of a growth strategy; sovereign, household and corporate debt at hig...
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| Main Author: | |
|---|---|
| Format: | Electronic Book Chapter |
| Language: | English |
| Published: |
Paris
OECD Publishing
2012
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| Subjects: | |
| Online Access: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 Volltext |
| Summary: | This paper examines the policies that have been proposed to solve the financial and sovereign debt crisis in Europe, against the backdrop of what the real underlying problems are: extreme differences in competitiveness; the absence of a growth strategy; sovereign, household and corporate debt at high levels in the very countries that are least competitive; and banks that have become too large, driven by dangerous trends in 'capital markets banking'. The paper explains how counterparty risk spreads between banks and how the sovereign and banking crises are serving to exacerbate each other. Of all the policies proposed, the paper highlights those that are coherent and the magnitudes involved if the euro is not to fracture |
| Physical Description: | 1 Online-Ressource (24 Seiten) 21 x 28cm |
| DOI: | 10.1787/fmt-2011-5k9cswmzsdwj |
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| spelling | Blundell-Wignall, Adrian Verfasser aut Solving the Financial and Sovereign Debt Crisis in Europe Adrian Blundell-Wignall Paris OECD Publishing 2012 1 Online-Ressource (24 Seiten) 21 x 28cm txt rdacontent c rdamedia cr rdacarrier This paper examines the policies that have been proposed to solve the financial and sovereign debt crisis in Europe, against the backdrop of what the real underlying problems are: extreme differences in competitiveness; the absence of a growth strategy; sovereign, household and corporate debt at high levels in the very countries that are least competitive; and banks that have become too large, driven by dangerous trends in 'capital markets banking'. The paper explains how counterparty risk spreads between banks and how the sovereign and banking crises are serving to exacerbate each other. Of all the policies proposed, the paper highlights those that are coherent and the magnitudes involved if the euro is not to fracture Finance and Investment https://doi.org/10.1787/fmt-2011-5k9cswmzsdwj Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Blundell-Wignall, Adrian Solving the Financial and Sovereign Debt Crisis in Europe Finance and Investment |
| title | Solving the Financial and Sovereign Debt Crisis in Europe |
| title_auth | Solving the Financial and Sovereign Debt Crisis in Europe |
| title_exact_search | Solving the Financial and Sovereign Debt Crisis in Europe |
| title_exact_search_txtP | Solving the Financial and Sovereign Debt Crisis in Europe |
| title_full | Solving the Financial and Sovereign Debt Crisis in Europe Adrian Blundell-Wignall |
| title_fullStr | Solving the Financial and Sovereign Debt Crisis in Europe Adrian Blundell-Wignall |
| title_full_unstemmed | Solving the Financial and Sovereign Debt Crisis in Europe Adrian Blundell-Wignall |
| title_short | Solving the Financial and Sovereign Debt Crisis in Europe |
| title_sort | solving the financial and sovereign debt crisis in europe |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-2011-5k9cswmzsdwj |
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